Powergrid Corp Q3 PAT seen up 10.5% YoY to Rs. 3,700 cr: HDFC Securities

HDFC Securities has come out with its third quarter (October-December’ 22) earnings estimates for the Power sector. The brokerage house expects Powergrid Corp to report net profit at Rs. 3,700 crore up 10.5% year-on-year (up 1.3% quarter-on-quarter).

Net Sales are expected to increase by 7 percent Y-o-Y (up 0.5 percent Q-o-Q) to Rs. 10,705.9 crore, according to HDFC Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 3.2 percent Y-o-Y (up 0.1 percent Q-o-Q) to Rs. 8,964.5 crore.

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